GSA Capital Partners LLP Purchases 5,323 Shares of Sabre Co. (NASDAQ:SABR)

GSA Capital Partners LLP lifted its stake in shares of Sabre Co. (NASDAQ:SABR) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,481 shares of the information technology services provider’s stock after purchasing an additional 5,323 shares during the quarter. GSA Capital Partners LLP’s holdings in Sabre were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SABR. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Sabre during the 2nd quarter valued at $26,000. Triangle Securities Wealth Management acquired a new stake in shares of Sabre during the second quarter worth $29,000. Wellington Wealth Strategies LLC. acquired a new stake in Sabre during the 2nd quarter worth about $32,000. International Assets Investment Management LLC increased its holdings in Sabre by 267.0% in the third quarter. International Assets Investment Management LLC now owns 9,047 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 6,582 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Sabre during the 2nd quarter worth approximately $34,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SABR. Sanford C. Bernstein reiterated an “underperform” rating and set a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com lowered shares of Sabre from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.50.

Sabre Stock Up 1.6 %

SABR opened at $3.73 on Monday. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.68. The company’s 50-day moving average price is $3.54 and its two-hundred day moving average price is $3.18. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -4.72 and a beta of 1.74.

Sabre (NASDAQ:SABR) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $764.71 million for the quarter, compared to the consensus estimate of $774.53 million. Sabre’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share. As a group, sell-side analysts anticipate that Sabre Co. will post -0.3 earnings per share for the current year.

About Sabre

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.